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Payday Lending
for much less!
Don't pay more than you need to.
We understand that sometimes
you need cash - and you need it fast. But don't make the mistake of
turning to a Payday Lender. As a member of International Harvester
Employee Credit Union, you have a better choice.
Our payday alternative loan, PAL, can provide the money you need, with all these advantages:
- A fixed rate of only 18% APR - compare that to Payday Lenders who typically charge as much as 400% APR!!
- Easy repayment terms
- A $35 annual participation fee for a $250 credit limit
- A $70 annual participation fee for a $500 credit limit
Payday Loans are actually designed to keep you in debt. They may offer quick cash, but it comes with a high price tag!
Here's how they work:
You write a post-dated check for the amount you want to borrow plus an initial fee. When the due date comes around if you can't repay the entire amount the lender adds another fee. This is where many people get into trouble. After several cycles, the interest rate can easily climb into triple digits. So the loan gets harder and harder to repay. At IHECU we can help you get past a cash crunch without piling up unnecessary debt. Please contact us for help with any financial situation. Remember, we're on your side.
For more information:
- Call us at (937) 390-1800.
- Stop by either of our two convenient locations.